Taylor Maritime Investments (TMI) has revealed an eye-catching deal to have a new bulker delivered in the first quarter of 2024.

The London-listed owner said it has contracted a 40,000-dwt handysize at an unnamed shipyard in Japan, taking advantage of a “rare early delivery window”.

It said that new Japanese vessels ordered can now only be handed over in the second half of 2025.

The deal is also its first newbuilding contract since the London initial public offering in 2021.